Production at iron ore pellet producer Ferrexpo has surged 203 per cent across its operations through the first quarter of 2024. A note from the company's executive chair Lucio Genovese said that over two million tonnes of iron ore pellets and concentrate were produced in the three months to the end of March - the company's best showing since Russia invaded Ukraine. Production of iron pellets was 1.8m tonnes in the first quarter of this year. By contrast, in the first quarter of 2021 before the outbreak of war, Ferrexpo produced 2.8m tonnes. Exports also restarted at Ukrainian ports, allowing for the resumption of key trade routes.

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